Huntsville real estate, huntsville mls

Huntsville MLS, Huntsville real estate research.
July 31st, 2012 7:58 PM
127 GENESIS DRIVE has been on the market since 06/23/11 and has had five price reductions to the present $209,900 / $90 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586461 The link below is to the listing where the current owner bought the house new in 2007 for $206,000 / $89 per square foot. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586463 Sellers break even point on a sale will be in the $223,000 range so at the list price he is taking a $17,0000 loss on the house. The link below is to a summary of MLS activity in the Genesis neighborhood since 03/01/11. There are five active listings including one new construction home. There is one pending sale that was listed at $88 per square foot and one sale at $92 per square foot. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586464 At the current $89 per square foot the house does seem to be priced within the market but since the house is empty seller may have the ability to negotiate lower. The house is less than a mile from the very good elementary and middle schools and about 4 miles from the high school. http://www.schooldigger.com/go/AL/schools/0222001513/school.aspx http://www.schooldigger.com/go/AL/schools/0222002082/school.aspx http://www.schooldigger.com/go/AL/schools/0222001683/school.aspx The house is not in a flood zone. The link below is to Google's satellite image. It looks like half of the back yard backs up to a field. http://maps.google.com/maps?q=127+GENESIS+DRIVE,+HUNTSVILLE,+AL+35811&hl=en&ll=34.788482,-86.501351&spn=0.000699,0.001318&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=127+Genesis+Dr,+Huntsville,+Alabama+35811&z=20 My overall impression of this house is good. The area, schools and neighborhood are good. The house seems priced within the market and I look for the area to continue to grow. There is basis shopping nearby with more planned. 202 CLOUD LEAP TRAIL is a bank owned house that has been on the market since 03/26/12 at $176,900 / $65 per square foot. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586469 The house last sold in 2004 at $231,500. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586470 The link below is to a summary of Huntsville real estate MLS activity in the neighborhood since 03/01/11. There were two sales, one at $87 per square foot and one at $85 per square foot. There is a pending sale that was listed at $90 per square foot and a contingent sale that was listed at $86 per square foot. If the house is in decent condition, it's a great buy at the list price. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586473 The house is not in a flood zone. The link below is to the satellite image. The house does back up to Douglas Road. A very busy road. There will probably be traffic noise outside the house. http://maps.google.com/maps?q=202+CLOUD+LEAP+TRAIL,+HUNTSVILLE,+AL+35806&hl=en&ll=34.801274,-86.682386&spn=0.001399,0.002637&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=202+Cloud+Leap+Trail,+Huntsville,+Madison,+Alabama+35806&z=19 School information. http://www.schooldigger.com/go/AL/schools/0222000842/school.aspx http://www.schooldigger.com/go/AL/schools/0222000560/school.aspx http://www.schooldigger.com/go/AL/schools/0222000848/school.aspx At 21 to 25 years old 101 OCTAVIA DRIVE is much older than the other homes. It has been on the market since 01/12/12 at $161,900 / $78 per square foot. with no price reductions. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586476 The link below is to where the current owner bought the house in in 1996 for $161,900. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586474 There haven't been any sales in the neighborhood since 03/01/11. The house is not in a flood zone. The link below is to the satellite image. http://maps.google.com/maps?q=101+OCTAVIA+DRIVE,+MERIDIANVILLE,+AL+35759&hl=en&ll=34.835664,-86.568249&spn=0.000349,0.000659&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=101+Octavia+Dr,+Meridianville,+Alabama+35759&z=21 School information. http://www.schooldigger.com/go/AL/schools/0222001731/school.aspx http://www.schooldigger.com/go/AL/schools/0222001411/school.aspx http://www.schooldigger.com/go/AL/schools/0222000836/school.aspx The only entrance to the neighborhood is onto Memorial Parkway / 431 and it can be hard and a little dangerous getting out of the neighborhood, especially in peak traffic. There is also a lot of traffic and traffic lights going into and out of Huntsville on the Parkway. There is one overpass under construction that will help with traffic some. 13005 CHIMNEY SPRINGS CIRCLE is showing as an expired listing but the owner may still be wiling to sell. It was on market at $221,000 / $95 per square foot from 07/28/10 to 07/29/11 when the listing expired. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586484 The link below is to a summary of MLS activity in the neighborhood since 03/01/11. The average sold price was just $63 per square foot with a highest sale at $87 per square foot. At $95 per square foot the subject house is nowhere near market value. No wonder it was on the market for a year without selling. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586490 I was surprised at the very low sales numbers. It looks tike the neighborhood may be on the decline. The house is not in a flood zone but I am concerned over waht looks like a steep lot. Steep lots give you less useable yard, are hard to mow and sometimes cause foundation problems. We also have to be very careful in this are of elevated radon levels. My recommendation is to pass on this house.

Valley MLS, Huntsville MLS